LONDON: Global banking giant HSBC Holdings plc reported yesterday a 20.6% rise in 2002 pre-tax profit after goodwill amortisation to US$9.65bil, as charges for bad debts eased US$716mil to US$1.32bil.
But HSBC, based in Britain but with operations around the world, said prospects for 2003 were hard to call amid economic doubts, fears of a war in Iraq, and tumbling stock markets.
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